AK Steel Holding Corporation (NYSE:AKS) has earned an average rating of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.96.

A number of research analysts recently issued reports on the stock. Clarkson Capital upgraded shares of AK Steel Holding Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 26th. J P Morgan Chase & Co dropped their target price on shares of AK Steel Holding Corporation from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday. BMO Capital Markets dropped their target price on shares of AK Steel Holding Corporation from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday. TheStreet downgraded shares of AK Steel Holding Corporation from a “c” rating to a “d+” rating in a research report on Tuesday. Finally, Citigroup Inc. dropped their target price on shares of AK Steel Holding Corporation from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday.

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Several hedge funds have recently made changes to their positions in AKS. BlackRock Inc. raised its holdings in shares of AK Steel Holding Corporation by 52,055.2% in the first quarter. BlackRock Inc. now owns 39,293,178 shares of the basic materials company’s stock valued at $282,518,000 after purchasing an additional 39,217,839 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of AK Steel Holding Corporation in the third quarter valued at about $81,614,000. Dimensional Fund Advisors LP raised its holdings in shares of AK Steel Holding Corporation by 82.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,389,630 shares of the basic materials company’s stock valued at $38,751,000 after purchasing an additional 2,436,564 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of AK Steel Holding Corporation by 6.6% in the first quarter. Vanguard Group Inc. now owns 37,074,630 shares of the basic materials company’s stock valued at $266,566,000 after purchasing an additional 2,308,220 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of AK Steel Holding Corporation by 20.3% in the first quarter. State Street Corp now owns 12,737,201 shares of the basic materials company’s stock valued at $91,579,000 after purchasing an additional 2,151,457 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

About AK Steel Holding Corporation

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its operations included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.

Analyst Recommendations for AK Steel Holding Corporation (NYSE:AKS)

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